Chevron Lubricants Lanka (COL:LLUB.N0000) Debt-to-Equity : 0.08 (As of Jun. 2024)

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What is Chevron Lubricants Lanka Debt-to-Equity?

Chevron Lubricants Lanka's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was රු54 Mil. Chevron Lubricants Lanka's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was රු559 Mil. Chevron Lubricants Lanka's Total Stockholders Equity for the quarter that ended in Jun. 2024 was රු7,608 Mil. Chevron Lubricants Lanka's debt to equity for the quarter that ended in Jun. 2024 was 0.08.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Chevron Lubricants Lanka's Debt-to-Equity or its related term are showing as below:

COL:LLUB.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.1
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Chevron Lubricants Lanka was 0.10. The lowest was 0.03. And the median was 0.07.

COL:LLUB.N0000's Debt-to-Equity is ranked better than
86.42% of 825 companies
in the Oil & Gas industry
Industry Median: 0.47 vs COL:LLUB.N0000: 0.08

Chevron Lubricants Lanka Debt-to-Equity Historical Data

The historical data trend for Chevron Lubricants Lanka's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Chevron Lubricants Lanka Debt-to-Equity Chart

Chevron Lubricants Lanka Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.09

0.07

0.06

Chevron Lubricants Lanka Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.06	0.06	0.08	0.08

Competitive Comparison of Chevron Lubricants Lanka's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Chevron Lubricants Lanka's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Chevron Lubricants Lanka's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Chevron Lubricants Lanka's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chevron Lubricants Lanka's Debt-to-Equity falls into.

Chevron Lubricants Lanka Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chevron Lubricants Lanka's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(34.935	+	465.151)	/	8332.33
	=	0.06

Chevron Lubricants Lanka's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(54.003	+	559.079)	/	7607.821
	=	0.08

Chevron Lubricants Lanka (COL:LLUB.N0000) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Chevron Lubricants Lanka Debt-to-Equity Related Terms

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Chevron Lubricants Lanka Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chevron Lubricants Lanka PLC (COL:LLUB.N0000) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

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Address

No. 200, Nawala Road, Level 16, MAGA ONE, Narahenpita, Colombo, LKA, 05

Website

https://www.chevron.lk

Chevron Lubricants Lanka PLC is engaged in the business of importing, blending, distributing and marketing lubricant oils and greases. It offers passenger vehicle engine oils, over four-stroke motorcycle engine oils, two-stroke and outboard engine oil, general-purpose automotive gear oils, automatic transmission oils and others under the Havoline brand. The company offers various services, such as in-service oil monitoring, drain interval optimization, lube specialist course, systematic failure analysis expertise, endoscope inspections and lubrication surveys.

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